Cryptocurrency

22/04/19 04:49 UTC-4

A billionaire affiliated with the Rothschilds invests in the Argo blockchain

Recently it became known that one of the investors of the Argo BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
is a major institutional figure. Frank Timis  is a billionaire from the gold and oil industry and has connections with the Rothschilds.

Argo Blockchain attracted some attention as the first crypto-company that successfully obtained a listing on the London Stock-Exchange. The London miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
company raised about £ 25 million in an IPO based on a valuation of £ 47 million.

 

Development of the company

The company began with a subscription-based mining model, giving investors access to other miner hash-capacities based in a data center in Canada.

Interesting in the section: Crowdfunding as a way to invest in cryptocurrency or present your own project

As a result, Argo Blockchain switched to buying its own mining equipment. Timis participation in Argo Blockchain shows the degree of institutional interest in crypto and may indicate an increase in investment from the future space.

One of the investors of the Argo Blockchain is a major institutional figure. News broke out after a shake-up, which led to the resignation of two executives. Timis is a Romanian-Australian businessman who is called the "City Bad Guy" and has a 14 percent stake in the mining firm. He has connections with the Rothschild family, receiving a loan of $ 3 million from their bank after his company received gold in Australia.

Editor: Godfrid Brower

See also: "TRON cryptocurrency conquers the Chinese market: BitKan reported support for new trading pairs"

#investments #mining #blockchain #ArgoBlockchain

Comments

Similar

31/05/19 09:56 UTC-4

Unplanned Cosmos cryptocurrency hard fork: vulnerability exclusion

​On May 31, an unscheduled hard fork took place in the Cosmos cryptocurrency network. It happened due to the discovery of the vulnerability of the coin’s blockchain network. Cryptocurrency developers, Tendermint, reported on the successful elimination of the error.

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Hypes, funds, fiat money
Other